Naphthalene Derivatives Market worth 833.0 Million USD by 2021

The report "Naphthalene Derivatives Market by Form (Liquid and Powder), Type (Naphthalene Sulfonic Acid, SNF, Alkyl Naphthalene Sulfonates, and Naphthols), Application (Construction, Agrochemicals, Textile, Detergents) - Global Forecast to 2021", The global naphthalene derivatives market is projected to reach USD 833.0 Million by 2021 at a CAGR of 3.63%. It is projected to reach 739.01 KT, by 2021, at a CAGR of 2.80% by volume.

This growth is fueled by the rapidly growing textile market in the Asia-Pacific region, increasing development strategies in the naphthalene derivatives market, and extensive consumption of naphthalene formaldehyde condensates in the construction market.

Naphthalene-formaldehyde condensates: The largest naphthalene derivatives market, by type

Naphthalene-formaldehyde condensates (SNF) are the largest type of naphthalene derivatives followed by naphthalene sulfonic acid in the global naphthalene derivatives market. The demand for naphthalene-formaldehyde condensates is mainly driven due to their use as superplasticizers in concrete admixtures in the construction industry. SNF is cost effective in comparison to other superplasticizers and gives high strength and durability to concrete. Sometimes, SNF is also used as a dispersant in paints and formulations in the paints & coatings industry.

Construction: The largest application market for naphthalene derivatives

Construction is currently the largest application of naphthalene derivatives. Naphthalene derivatives are largely used in the construction industry, as superplasticizers in concrete admixtures to improve the quality by maintaining consistency in its water-to-cement ratio. The increasing use of naphthalene formaldehyde condensates in the construction industry is driving the market for naphthalene derivatives.

Asia Pacific: The largest market for naphthalene derivatives

The Asia Pacific region was the largest market for naphthalene derivatives, in terms of value and volume, in 2015. Increasing investments by foreign companies; growing production facilities; the strong industrial base in the construction and textile application and the rise in the standards of living are the major factors contributing to the growth of the naphthalene derivatives market in this region. The growing textile industries which use naphthalene derivatives such as naphthalene sulfonic acid and naphthols as precursors for the manufacture of dyes and pigments, are driving the demand for naphthalene derivatives in this region. China alone accounted for a major share of 66.0% in 2015 of the total naphthalene derivatives market in the region as it has the largest construction and textile industries in the world which use naphthalene derivatives on a large scale.

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